ALDA Enters Into Supplier Agreement With Acklands-Grainger Inc.

VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009) - ALDA Pharmaceuticals Corp. (TSX
VENTURE:APH)(OTCBB:APCSF) ("the Company" or "ALDA") announces that it has
entered into a Supplier Agreement with Acklands-Grainger Inc.("AGI"). ALDA's products will be distributed through AGI's
five distribution centres to its 160 branches across Canada and included in
AGI's full catalogue of products. Dr. Terrance Owen, President & CEO
states, "This agreement with AGI is an important step in achieving nation-wide
distribution of our products. ALDA's status as
an Official Supplier of the 2010 Winter Games has created a lot of
opportunities for the Company, especially with other Official Suppliers, such
as AGI. We look forward to forging other partnerships that are equally as
important as this one."

Acklands-Grainger
Inc. is Canada's largest distributor of industrial, safety and fastener
products with a comprehensive catalogue, 160 branches and 5 distribution centres
across the country. Acklands-Grainger is the Official Supplier of the Vancouver
2010 Olympic Winter Games, Vancouver 2010 Paralympic Winter Games, the Canadian
Olympic Committee, the 2010 Canadian Olympic Team and the 2012 Canadian Olympic
Team for industrial safety and material handling supplies.

About ALDA Pharmaceuticals Corp.

ALDA
is focused on the development of infection-control therapeutics derived from
its patented T36(R)
technology. The company trades on the TSX Venture Exchange under the symbol APH
and on the OTCBB under the symbol APCSF. The Company is the Official Supplier
of the Vancouver 2010 Olympic Winter Games, Vancouver 2010 Paralympic Winter
Games, the Canadian Olympic Committee, the 2010 Canadian Olympic Team and the
2012 Canadian Olympic Team for antiseptic hand sanitizer, disinfectant and
disinfectant cleaning products.

Terrance G. Owen, Ph.D., MBA, President & CEO

ALDA Pharmaceuticals Corp.

Cautionary Note Regarding Forward-looking
Statements: Information in this press release that involves ALDA's
expectations, plans, intentions or strategies regarding the future are
forward-looking statements that are not facts and involve a number of risks and
uncertainties. ALDA generally uses words such as "outlook", "will", "could",
"would", "might", "remains", "to be", "plans",
"believes", "may", "expects", "intends",
"anticipates", "estimate", "future", "plan",
"positioned", "potential", "project", "remain",
"scheduled", "set to", "subject to", "upcoming", and
similar expressions to help identify forward-looking statements. The
forward-looking statements in this release are based upon information available
to ALDA as of the date of this release, and ALDA assumes no obligation to
update any such forward-looking statements. Forward-looking statements believed
to be true when made may ultimately prove to be incorrect. These statements are
not guarantees of the future performance of ALDA and are subject to risks,
uncertainties and other factors, some of which are beyond its control and may cause
actual results to differ materially from current expectations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.